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Atom Company just began business and made the following four inventory purchases in June: June 1 150 units $825 June 10 200 unit 1,120 June
Atom Company just began business and made the following four inventory purchases in June:
June 1 150 units $825
June 10 200 unit 1,120
June 15 200 units 1,140
June 28 150 unit 885 $3,970
A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is
a) $1,475.
b)$1,455.
c) $1,425.
d) $1,385.
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